Nestle India expands direct distribution, deepens rural coverage
In line with its rurban growth strategy, Nestle India has expanded its direct distribution to 1.5 million outlets in 2022 and is also deepening its rural coverage. The FMCG major has increased its overall distribution network to 5.1 million outlets, which includes direct and indirect distribution in 2022, from 4 million outlets in 2016. On…
Plant platter – Growing demand and acceptance
There is a growing demand and acceptance for plant-based food products in India. Even though the size is small — new launches in this category were only 0.7% of the total launches in November 2019, which, however, grew to 2.1% in October 2022— experts expect this number to further increase in the coming years. “Our…
UP: Over Rs 35,000 cr investment in dairy and livestock sectors
The Uttar Pradesh government under the leadership of Chief Minister Yogi Adityanath will witness significant growth in all sectors with investments of over Rs 33.52 lakh crore in more than 20 sectors landing on the ground, as per an official release. As per an official release, the investors have agreed to invest more than Rs…
Market led poverty alleviation-Mart’s Mantra for rural development
Mart , an organisation founded by Mr Pradeep Kashyap (also known as father of rural India), celebrated its 30th anniversary yesterday. Mr Kashyap emphasised on developing a market led eco system for the rural folks. He said that rural marketing should not act as a one way street to extract money out of the rural…
Nestle India’s profit grows 65.5% in December quarter
Nestle India posted a net profit of ₹628.06 crore in the fourth quarter ended December 31, up 65.50 per cent against ₹379.48 crore in the same period a year ago. The company’s sales were up 13.95 per cent to ₹4,233.27 crore in the quarter under review. The packaged food major, which follows the January-December period as…
At 29.30 per cent in January, fodder inflation continues to rise
No respite seems in sight from the rising milk prices as fodder inflation continues to rise. The annual rate of fodder inflation based on all-India Wholesale Price Index (WPI) numbers has further increased to 29.30 per cent in January 2023 against 28.66 per cent recorded in December 2022. Fodder inflation was recorded at 7.14 per…
Govt to set up 2 lakh dairy co-operative societies in next 5 years
The Union Cabinet on Wednesday approved a blueprint for strengthening the co-operative movement and deepening its reach. Accordingly, two lakh new Primary Agriculture Credit Societies (PACS) and dairy-fishery co-operatives will be set up in villages and panchayats untapped by co-operatives over the next five years. At present, there are around 63,000 functional PACS out of…
FAO, WHO Report on Food Safety of Water Reuse in Dairy
The Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO) recently published a report that provides guidance for the dairy industry on food-safe sourcing, use, and reuse of fit-for-purpose water. The report is based on a Joint FAO/WHO Expert Meeting on Microbiological Risk Assessment (JEMRA) session that was convened online from…
Vipul Patel elected as chairman of Amul Dairy
The BJP’s Anand district unit president Vipul Patel was elected Tuesday as the new chairman of the Kaira District Cooperative Milk Producers’ Union Limited—the oldest milk cooperative of Gujarat popularly known as Amul Dairy. Patel’s election brings to an end the reign of Ramsinh Parmar, an OBC, who held the post of the cooperative’s chairman for almost…
Milk prices increased due to rise in fodder cost: Sanjeev Balyan
Milk prices in the country have risen due to increase in the feed and fodder cost, Union Minister Sanjeev Kumar Balyan said in Rajya Sabha on Friday. Balyan, who is Minister of State of Fisheries, Animal Husbandry and Dairying, said dairy companies pass on 75 per cent of the retail price to farmers. There is…